Tag: Terraform Labs


  • Terra Founder Do Kwon Jailed for 15 Years Over ‘Epic’ Stablecoin Crash

    A former crypto entrepreneur who was behind two digital currencies that collapsed and lost an estimated $40bn (£29.9bn) has been sentenced by a New York judge to 15 years in prison for an “epic” fraud. Do Kwon, a South Korean national, was co-founder of Singapore-based Terraform Labs, which developed the TerraUSD and Luna digital coins.…